Portugal: Consumer confidence falls while economic climate inches up in February
February 28, 2016
The consumer confidence index fell from minus 8.8 points in January to minus 13.3 points in February, marking a three-month low. According to the Statistical Institute, the decrease in consumer confidence reflected deteriorations in all components of the index, with households’ view of the future general economic situation recording the most significant downturn.
The economic climate indicator inched up from January’s 0.6 points to a three-month high of 0.7 points in February, thus rising further in optimistic territory.
Author: Eric Denis , Economist